Mexico 1734-Mo MF 8 reales KM-48
This specimen was lot 23143 in Stack's Bowers NYINC sale (New York, January 2020), where it sold for $1,020. The catalog description noted, "MEXICO. 8 Reales Klippe, 1734-Mo MF. Mexico City Mint. Philip V. EXTREMELY FINE DETAILS. With a contemporary counterfeit Guatemala Type II countermark, sun over mountains, on the obverse. Holed at 6 next to the first digit of the date, pierced from the reverse. Struck on a large flan with nearly full date, king's name and ordinal, and almost complete legends missing only a minor portion. An attractive example of the type with minor debris amongst the devices lending to its originality displaying rich old slate patina. An interesting example that saw long term use and managed to survive for more than 286 years, certain to be a welcome addition to the next collection it enters." We wonder what was the purpose of counterfeiting a Guatemala Type II countermark in the nineteenth century when there were no gullible collectors to deceive. Perhaps countermarking a holed coin allowed it to pass at full face value.
Recorded mintage: unknown.
Specification: 27.07 g, 0.917 fine silver, this specimen 26.56 g.
Catalog reference: KM-48; Cal-Type 144 # 769, Cayón-9378.
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